SOUTHERN HERITAGE AIR FOUNDATION (EIN 383667786) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

PATTY MEKUS

Phone

3185742731

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN HERITAGE AIR FOUNDATION, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $599K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $519K left a modest 13% surplus.

Mission

TO PRESERVE AND DISPLAY AVIATION AND TRANSPORTATION ARTIFACTS AND TO EDUCATE THE PUBLIC ON THE HISTORY OF AVIATION WITH AN EMPHASIS ON WORLD WAR II. TO PRESERVE THE MEMORABILIA AND STORIES OF LOCAL AND REGIONAL WWII VETERANS IN THE MUSEUM FOR EDUCATIONAL PURPOSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $339,677

Program Service Revenue $134,449

Investment Income $125,151

Other Revenue $0

TOTAL REVENUE $599,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,491

Other Expenses $519,487

TOTAL EXPENSES $519,487

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,277	$426,204	+0.4%
Expenses	$519,487	$563,854	-0.1%
Net Income	$79,790	$-137,650	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LW CALLAWAY	BOARD MEMBER	N/A	Director	$0	$0	$0
JIMMY FORDHAM	BOARD MEMBER	N/A	Director	$0	$0	$0
BOB FITZGERALD	BOARD MEMBER	N/A	Director	$0	$0	$0
SHARRON HARRIS	BOARD MEMBER	N/A	Director	$0	$0	$0
ADRIENNE ECKSTEIN	SECRETARY	N/A	Officer	$0	$0	$0
STEVE GUSTAFSON	TREASURER	N/A	Officer	$0	$0	$0
DANIEL K FORDICE III	CHAIRMAN	N/A	Officer	$0	$0	$0
PATTY MEKUS	PRESIDENT	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$599,277	$519,487	$754,802	$79,790
2022	$426,204	$563,854	$666,993	$-137,650
2021	$452,048	$474,454	$748,515	$-22,406
2020	$451,123	$362,783	$762,552	$88,340
2019	$727,187	$250,180	$623,311	$477,007
2018	$362,722	$388,469	$141,566	$-25,747

SOUTHERN HERITAGE AIR FOUNDATION